IRON MOUNTAIN INC (IRM) Form 8-K — Aug 5, 2026
Iron Mountain reported record second quarter 2026 results on August 5, 2026, with total revenue of $2.03 billion, up 18.5% year over year, and a swing to net income of $106.1 million from a $43.3 million loss in Q2 2025. Adjusted EBITDA rose 15.7% to $727.0 million and AFFO per share grew 16.1% to $1.44. Growth businesses drove the outperformance: data center revenue grew 39%, asset lifecycle management grew 88% reported (82% organic), and the combined data center, digital and ALM businesses grew more than 50% year over year. Data center leasing totaled 110 megawatts year to date through July, including 75 megawatts signed in July alone.
Key figures
- Eps
- 0.34
- Revenue
- 2029062000
- Guidance
- FY2026 revenue $7,940-$8,010M (~16% Y/Y at midpoint, raised from $7,825-$7,925M); Adjusted EBITDA $2,945-$2,975M (~15%, raised from $2,925-$2,965M); AFFO $1,760-$1,780M (~15%, raised from $1,735-$1,755M); AFFO per share $5.87-$5.93 (~14%, raised from $5.79-$5.86); Q3 2026 revenue ~$1,980M (~13% Y/Y)
- Net Income
- 106102000
- Total Debt
- $17.35 billion (long-term debt $17,128.8M plus current portion $220.8M)
- Revenue Yoy
- 18.5% (17.6% ex-FX)
- Total Assets
- 21955442000
- Cash Position
- 204793000
- Shares Outstanding
- 299849000
- Affo
- 432742000
- Adjusted eps
- 0.6
- Affo per share
- 1.44
- Adjusted ebitda
- 727018000
- Adjusted eps yoy
- 25%
- Affo per share yoy
- 16.1%
- Alm revenue growth
- 88% reported / 82% organic
- Service revenue q2
- 894451000
- Adjusted ebitda yoy
- 15.7%
- Interest expense q2
- 223446000
- Operating income q2
- 373528000
- Dividend record date
- September 15, 2026
- Dividend payable date
- October 2, 2026
- Global rim revenue q2
- 1433562000
- Adjusted ebitda margin
- 35.8% (down ~90 bps YoY)
- Data center revenue q2
- 262871000
- Organic revenue growth
- 16.8%
- Data center mw leased q2
- 13
- Ffo normalized per share
- 1.01
- Global rim revenue growth
- 8% reported / 7% organic
- Storage rental revenue q2
- 1134611000
- Backlog growth beyond 2026
- $370 million
- Data center mw leased july
- 75
- Data center revenue growth
- 39%
- Dividend declared per share
- 0.864
- Net lease adjusted leverage
- 4.8x (target 4.5x-5.5x)
- Growth businesses collective growth
- more than 50% YoY
- Data center mw leased ytd through july
- 110
Price after filing
Close on the filing date to close N calendar days later (from $125.51). Historical, not a forecast.
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